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    462 S Water St Olathe, KS 66061

    Sponsored
    For Sale
    Under Contract
    $379,900

    Duplex - Olathe, KS

    Type:Duplex
    Lot size:
    0.23 Acres
    Days on Market:
    6
    Last Refresh:
    Jan 6 at 4:06 pm

    Property Features for 462 S Water St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active Under Contract
    Security features
    Smoke Detector(s)
    Zoning
    R-2
    APN
    DP59000004 0004A
    Parking features
    Off Street
    Exterior features
    Fencing, Private Entrance
    Fencing
    Fenced
    Appliances
    Dishwasher, Garbage Disposer, Range, Washer
    Lot size
    0.23 Acres

    Utilities

    Heating system
    Natural Gas, Zoned (Heating)
    Cooling system
    Electric, Zoned

    Building Details

    Year built
    1910
    Floors in Building
    2
    Number of units
    2
    Building materials
    Frame
    Roof type
    Composition
    Architectural style
    Other

    Keller Williams Realty Diamond Partners Inc. (913) 322-7500 [email protected]

    Listing agent Christian Hidalgo (913) 322-7500 License #SP00227372

    Listing date Jan 1, 2026

    MLS# 2592618 Listing URL

    Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Duplex in Downtown Olathe

    This newly renovated 2-story duplex features two units, each with 2 bedrooms and 1 bathroom, and is located in the rejuvenated Downtown Olathe area. The property is a short walk from new restaurants, parks, green spaces, the new JoCo library, and downtown shops. It is also near Olathe Medical Center, KS School for the Deaf, Mid-American Nazarene University, and Johnson County Courthouse and government buildings. Its central location provides quick access to highways for commuting. The property is suitable for short-term rentals, mid-term rentals, and long-term tenant opportunities. The first-floor unit includes a covered porch, deck with fenced yard, tall ceilings, ramp entrance, and large windows. The second-floor unit features a compact, modern open kitchen/living combo, with large bedrooms. A laundry area is located in the building with a separate exterior entrance. The property includes a new roof, new flooring, new countertops, new bathrooms, new wall and ceiling drywall, interior and exterior paint, and new stainless steel appliances. The lot size is 0.228 acres. The property is zoned R-2.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    KC Green Clean House Cleaning Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Olathe
    County
    Johnson
    State
    Kansas
    Longitude
    -94.816764
    Latitude
    38.875454

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    FAQs

    What type of property is this?
    Duplex - Newly renovated duplex near downtown Olathe, perfect for rentals.
    Where is this duplex located?
    The property is located at 462 S Water St Olathe, KS.
    What is the asking price?
    The asking price for this property is $379,900.
    What are key features of this property?
    This property features: - Newly renovated duplex featuring new roof, flooring, countertops, bathrooms, drywall, paint, and stainless steel appliances.; - Prime location in rejuvenated Downtown Olathe, near restaurants, parks, shops, and key institutions.; - Ideal for short-term, mid-term, or long-term rentals, catering to various tenant profiles.
    (913) 486-1526
    Request Owner's contact information
    462 S Water St Olathe, KS 66061
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    Olathe, KS 66061
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    462 S Water St Olathe, KS 66061
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